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2018-04-12 07:02:18

SPX

S&P 500

$0.00

(0.00%)

07:02

04/12/18

04/12

07:02

04/12/18

07:02

S&P 500: Pivot points

The following are the pivot points for the S&P 500 (SPX). Pivot High: 2651.81, Pivot Low: 2629.63. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Oppenheimer has initiated an S&P 500 price target of $3,000 in 2018 as it believes the fundamentals - both economic growth and corporate earnings - will likely improve further in 2018. Its price target and earnings estimate do not include any assumptions about what tax reform might ultimately look like.

01/23/18

BOFA

01/23/18NO CHANGEBOFA

S&P 500 2018 year target raised to 3,000 from 2,800 at BofA/Merrill

04/02/18

MSCO

04/02/18NO CHANGEMSCO

Utilities view lowered to Equal Weight at Morgan Stanley

Morgan Stanley equity strategist Michael Wilson said he thinks many of the risks facing the market have now been priced in and he sees value in the S&P, which is currently at the low end of his target near-term range ahead of what will likely be a strong Q1 earnings season. However, he is moving the Utilities sector to Equal Weight from Overweight, stating that this is not a sell call for those who recently bought the stocks but that a tactical overweight after recent relative outperformance no longer makes sense.